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Iomega's Chief Executive Edwards
Quits in the Wake of Weaker Sales

By

Quentin HardyStaff Reporter of The Wall Street Journal

Updated March 26, 1998 12:01 a.m. ET

Kim B. Edwards, whose glitzy marketing made Iomega Corp. a data-storage powerhouse and a volatile favorite of on-line investors, resigned unexpectedly in the wake of slowing sales and signs of dissent over the company's future.

An Iomega spokeswoman said the resignation was a "mutual decision" between Mr. Edwards and the company's board, indicating that at least some directors pressured him to step down. Mr. Edwards couldn't be reached for comment about his departure.